Influence of Innovations on Economic Development in Azerbaijan

Khayala Ibrahimova (), Elchin Suleymanov () and Farhad Rahmanov ()

Academic Journal of Economic Studies, 2019, vol. 5, issue 3, 58-63

Abstract: The Internet is a network that occurs as a result of connecting two or more computers together. Rapidly developing Internet technologies and the Internet create a relationship between individuals (customers), business and trading partners, allowing the buyer to shop electronically without leaving his/her home. Especially in the countries of the Black Sea, America and Japan, e-commerce, which is widely used, has become widespread in Azerbaijan. E-commerce is the purchase and sale of all types of goods and services by computer technology, electronic communication channels and related technologies. In this paper, the definition of electronic commerce and its economical dimension will be examined and then the probable effects of electronic commerce on Azerbaijan Economy will be presented.

Keywords: E-commerce; Azerbaijan economy; Internet; electronic communication channels (search for similar items in EconPapers)
JEL-codes: L14 L15 (search for similar items in EconPapers)
Date: 2019
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